Search Results for: Insurtech

Parametric Insurance: Revolutionizing Traditional Insurance Models
Guest Posts InsurTech

Parametric Insurance: Revolutionizing Traditional Insurance Models

Neha Batra
by Neha Batra0
Parametric insurance, a novel approach to risk management, represents a departure from traditional insurance methods. In contrast to indemnity-based insurance, where claims are assessed based on actual losses, parametric insurance operates on the principle of predefined triggers, typically related to weather benchmarks or other quantifiable parameters. This innovative model offers......
2047 Vision of Insurance for All: A United Push for Health Insurance Coverage
Guest Posts InsurTech

2047 Vision of Insurance for All: A United Push for Health Insurance Coverage

Santanu Agarwal
by Santanu Agarwal0
The Insurance Regulatory and Development Authority of India’s (IRDAI) vision of “Insurance for All by 2047” aligns perfectly with the government’s push for wider healthcare access. This ambitious goal can be achieved through a powerful combination of public and private initiatives, each leveraging their unique strengths. Government’s Push for Insurance ......
CrashBay, the First Collision Repair Marketplace, Secures Funding to Transform How Consumers, Insurance Companies and Repairers Connect
InsurTech News

CrashBay, the First Collision Repair Marketplace, Secures Funding to Transform How Consumers, Insurance Companies and Repairers Connect

PR Newswire
by PR Newswire0
The funding marks a pivotal milestone in CrashBay’s commitment to transforming the collision repair industry and reshaping direct repair programs. CrashBay, the premier digital marketplace revolutionizing collision repair solutions for fleets and carriers, announced the successful completion of a $1.25 million funding round led by venture capital firm Markd, with participation from......
InsureMO Partners With MoneyHero Group to Create the Premiere Digital Insurance Aggregation and Comparison Platform in Greater Southeast Asia
InsurTech News

InsureMO Partners With MoneyHero Group to Create the Premiere Digital Insurance Aggregation and Comparison Platform in Greater Southeast Asia

PR Newswire
by PR Newswire0
Through this collaboration, MoneyHero continues to strengthen its position as the premiere digital insurance aggregation and comparison platform in Greater Southeast Asia. InsureMO is thrilled to announce its strategic partnership with MoneyHero Limited to create the premiere digital insurance aggregation and comparison platform in Greater Southeast Asia. InsureMO’s cutting-edge middleware platform......
$50 Billion Opportunity Emerges for Insurers Worldwide From Generative AI’s Potential to Boost Revenues and Take out Costs
InsurTech News

$50 Billion Opportunity Emerges for Insurers Worldwide From Generative AI’s Potential to Boost Revenues and Take out Costs

PR Newswire
by PR Newswire0
As generative AI continues to evolve, Bain urges insurance companies to take several critical steps to adapt to the fast-developing technology. Insurance businesses worldwide have a $50 billion dollar financial opportunity from generative AI to harness the technology in ways that could boost their revenues by as much as 20% and cut......
Policybazaar Emerges as Preferred Choice for NRIs
InsurTech News

Policybazaar Emerges as Preferred Choice for NRIs

Fintech News Desk
by Fintech News Desk0
The demand among the 18-60 age group has seen an impressive 130% year-on-year growth, with India emerging as the preferred choice for NRIs residing in the US, Canada, and select European countries. Policybazaar, one of India’s online insurance marketplaces, is witnessing a significant increase in non-resident Indians (NRIs) choosing term......
IPQ 6.0 Reveals South Zone Leads in Financial Security With 8 in 10 Urban Residents Insured
InsurTech News

IPQ 6.0 Reveals South Zone Leads in Financial Security With 8 in 10 Urban Residents Insured

PR Newswire
by PR Newswire0
As per the survey, South India continues to be India’s most financially protected zone with a Protection Quotient of 49, with progress made across all three aspects Knowledge Index at 65 points (increase of 8 points), Life Insurance ownership levels at 80% (increase of 2%), Security levels at 77% (equal......
Simply Business Surpasses One Million Customers Globally
InsurTech News

Simply Business Surpasses One Million Customers Globally

PR Newswire
by PR Newswire0
This achievement underscores the company’s progress in modernizing the way small businesses research and buy insurance. Simply Business, the leading digital insurance marketplace focused on small businesses, announced today a significant organizational milestone surpassing one million active customers worldwide. This achievement underscores the company’s progress in modernizing the way small businesses......
Clearcover Launches Generative AI Insurance Tool to Expedite Claims Processing and Improve Customer Experience
InsurTech News

Clearcover Launches Generative AI Insurance Tool to Expedite Claims Processing and Improve Customer Experience

PR Newswire
by PR Newswire0
The leading insurtech is rolling out a series of AI solutions, including Digital Statement Collection at FNOL. Clearcover, a next-generation car insurance company, announces the launch of its revolutionary generative AI solution that further digitizes statement collection, significantly streamlining the insurance claims process and customer experience. The AI-driven solution utilizes......
KeyCorp and Blackstone Credit & Insurance Announce Forward Flow Origination Partnership
InsurTech News

KeyCorp and Blackstone Credit & Insurance Announce Forward Flow Origination Partnership

PR Newswire
by PR Newswire0
Blackstone and Key closed a transaction on a seed portfolio of middle market fund finance facilities. KeyCorp announced a forward flow origination partnership with Blackstone Credit & Insurance (“Blackstone”) focused on Key’s Specialty Finance Lending (SFL) group. SFL is a leading asset-based lender serving clients nationally across middle market, growth capital, transportation,......
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